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What happens if I'm late to repay my loan?

You'll be given a grace period to make your loan repayment. After that, you'll be charged late payment fee of P200 within the first 10 days, P400 for the next 10 days, and P600 after 20 days. Collection efforts will begin for loans that are not paid within 20 days.

We urge you to repay your loan on time to avoid further complications, and to improve your chance of approval for future loans. Please be advised that your delinquency will affect your credit standing in general, depending on the severity, which includes submission of your name to credit bureaus as due diligence.

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